FCX

I traded FCX twice today. This is the 2nd trade. 14th candle was a NR7. Entered long with price breaking the PDH. Price formed an inverted H&S on 15 min. with yesterday's and today's price action combined with PDH acting as neckline. I thought price would test the neckline and then take off. So I did not take partial. Price tested PDH and then chopped around. Closed for a small gain. I should have taken partial when price reached 2R which also happened to be 3 consecutive green bars.


Only 1R gainer but I liked my entry. 3rd bar bounced off 20EMA. 20 EMA held as support for 6th and 7th candle on a closing basis. 7th candle an IB. Entered long on the break of 7th bar high and exit ed completely at 15min. ORH.